Global Risk Management (GRM) is a Danish company based in Middelfart, Denmark, that provides customised hedging solutions for price risk management on fuel. It is a subsidiary of the United Shipping & Trading Company, one of Denmark's largest companies. Global Risk Management has branches in Copenhagen & Singapore, while its headquarters remain in Middelfart.
Video Global Risk Management
History
Global Risk Management was founded in 2004 in Middelfart - a town situated on the Danish island of Funen. The company's managing director is Hans Erik Christensen.
Maps Global Risk Management
USTC
The company is a part of one of Denmark's largest companies, United Shipping & Trading Company (USTC). USTC is a global cluster of companies that has approximately 1500 employees, and holds a turnover of around US $6 million.
USTC owns a considerable amount of tankers, and is actively involved in the global supply of fuel in the shipping industry. Both USTC and GRM work hand-in-hand with their shared knowledge of transportation, logistics, fuel supply and finance.
Operations
Rooted in the financial services industry, GRM specialises in protecting its clients from fuel price volatility through a combination of fuel risk management strategies and hedging solutions. The company's main objective is to "help clients protect their margins from the risk posed by notoriously volatile fuel prices."
Being a part of the United Shipping & Trading Company, GRM's primary client base includes the shipping and aviation industry, along with oil suppliers and those in industrial production.
Articles referencing Global Risk Management
- MarketWatch article on oil price slump
- Conorsbank oil price forecast (German)
- Radio Sputnik podcast of OPEC meeting
- Shippingwatch article on Global Risk Management financial result
- regarding all-time high financial result
See also
- Fuel price risk management
- Financial risk
- Risk assessment
- Fuel hedging
References
External links
- Global Risk Management
Source of article : Wikipedia
0 Comments